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Parliament approves writing- off €8.5M Kyrgyzstan’s debt by Germany

The Parliament of Kyrgyzstan approved in three reading ratification of an agreement on writing- off €8.5 million of Kyrgyzstan’s debt by Germany. The decision was made at today’s session of Parliament.

The majority of MPs endorsed draft law on Ratification of agreement on debt conversion between the Kyrgyz Republic and the German Development Bank (KfW).

As it was reported earlier, in exchange for remission of debt Germany asks to allocate € 3,825 million from the state budget for reconstruction of schools, village first aid stations and other social facilities in Kyrgyzstan.